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Wing Yip Food Holdings Group, a Chinese meat product processing company, has announced the pricing of its initial public offering of 2,050,000 American Depositary Shares at $4.00 per ADS. The company expects to raise $8.20 million in gross proceeds. The ADSs will trade on the Nasdaq Capital Market under symbol WYHG starting November 26, 2024. The underwriters have a 45-day option to purchase up to 307,500 additional ADSs. Proceeds will fund production line upgrades, marketing, R&D, and working capital. Dawson James Securities and D. Boral Capital are serving as underwriters.
